Amc’s stock heads for its best month since height of the meme-stock frenzy
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Shares of AMC Entertainment Holdings Inc. were surging more than 22% in Tuesday afternoon trading, lifted by the movie-theater chain and original meme stock’s strong Memorial Day weekend box
office. The stock has climbed 48.5% in May so far — putting it on track for its best monthly performance since it skyrocketed 117% in June 2021, at the height of the meme-stock frenzy.
Boosted by the box-office strength of Walt Disney Co.’s “Lilo & Stitch” and Paramount Pictures’ “Mission: Impossible — The Final Reckoning,” AMC’s total revenue Thursday through Monday
was its third biggest over a five-day period in more than a decade, the company said in a statement.